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Listed by Allen Elmore EXP Realty, LLC
$ 1,050,000
Est. payment | /mo
22 Baths
$ 1,050,000
Est. payment | /mo
22 Baths
Key Details
Property Type Other Types
Sub Type Apartment Building Complex
Listing Status Pending
Purchase Type For Sale
Subdivision Mission Heights Addition
MLS Listing ID 26-845
Full Baths 22
Property Sub-Type Apartment Building Complex
Source San Juan County Board of REALTORS®
Property Description
''Villa View Apartments'' Awesome value-add multifamily investment opportunity in Farmington, New Mexico. This two-story apartment community features 22 units, comprising 11 studios and 11 one-bedroom apartments. Conveniently located near Four Corners Regional Airport, downtown Farmington, and the hospital, the property offers residents easy access to major employers, services, and amenities.
Currently 86% occupied, the property has the potential to generate approximately $17140 in gross monthly rental income with minimal improvements. The property is offered as-is. Current gross rent is $12,810/mo.
Attractive financing options may be available, including a potentially wrappable real estate contract. Buyer to independently verify all financial information, financing terms, property condition, and income projections.
Currently 86% occupied, the property has the potential to generate approximately $17140 in gross monthly rental income with minimal improvements. The property is offered as-is. Current gross rent is $12,810/mo.
Attractive financing options may be available, including a potentially wrappable real estate contract. Buyer to independently verify all financial information, financing terms, property condition, and income projections.
Location
State NM
County San Juan
Area 7E
Direction {\"Directions to Prprty\":true}
Interior
Cooling Evaporative Window
Exterior
Garage No
Building
Faces {\"Directions to Prprty\":true}
Others
Pets Allowed No
Security Features Closed Circuit Camera(s)
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150 Washington Ave, Ste 201, Santa Fe, New Mexico, 87501, USA